|Bid||7.49 x 0|
|Ask||7.90 x 0|
|Day's range||7.58 - 7.58|
|52-week range||6.70 - 239.30|
|Beta (5Y monthly)||2.47|
|PE ratio (TTM)||N/A|
|Earnings date||22 Feb 2023 - 27 Feb 2023|
|Forward dividend & yield||N/A (N/A)|
|1y target est||392.90|
Shares of Carvana (NYSE: CVNA) were falling again today, even though there was no company-specific news out on the online used car dealer. Instead, a stronger-than-expected jobs report sparked a sell-off as it convinced investors that the Federal Reserve was more likely to keep raising interest rates. Carvana, which is bleeding cash and especially sensitive to interest rates, took the news worse than most.
Figs (NYSE: Figs) and Carvana (NYSE: CVNA) are two stocks that have declined sharply this year, but don't let their single-digit prices scare you away. With Figs and Carvana down 72% and 96%, respectively, in 2022, a lot of the early bulls have been scared away. Figs may seem like an unlikely disruptor, and like Carvana it's been a dud this year.
Wayfair, Ethan Allen, Carvana, Lithia Motors and Adobe are part of the Zacks Market Edge article.